How to regain control of your finances.
Car break down? Need a new dishwasher? Want to renovate? Don’t be held back from doing what you want with your money - you’ve earned it. Take control and follow these few tips to get back your financial freedom.
Living Paycheque to Paycheque
Don’t know where your money goes every month? Everyone lives paycheque to paycheque at one point. Long term, this style of living doesn’t cut it. There’s no room for new clothes, outings with friends, or emergencies. How do you get out? Start with a budget.
Making a budget may seem elementary, but it works. Write out your expenses and identify where costs can be trimmed. Go out with friends during happy hour, go to the movies on a discount night, and take a page from granny by using coupons at the grocery store. There's usually always a cheaper option. Cutting a few simple costs can save you an extra $50-100 per month, which could be put towards debt or savings.
Paying Down Debt
Debt happens. If you have a loan, credit card, line of credit or all three, the first step is to consolidate. Look at the interest rates. The average credit card rate is 18%. If you’re part of favourite department store's credit card program, you’re probably paying closer to 30%. Yikes! Consolidation loans
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Treat Savings Like A Bill
On the right track
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